Overview
What is Neartown Inc?
Neartown Inc, based in Murray, Kentucky, is a nonprofit organization with a mission to provide a supportive and sober living environment for men. Established with a biblical principle in mind, similar to the Good Samaritan story, they aim to offer a solution to individuals who meet their requirements. With over 100 men having passed through their sober living facility, Neartown Inc. focuses on education and promotes personal development through a 12-step life skills program. Their activities are centered around creating a secure, substance-free living space, offering a hand of support to those in need. Their team, consisting of 36 employees, works tirelessly to ensure the success of their mission.
Official website here: www.neartownmurray.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (54%)
Neartown Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 54%, which is primarily based on its Accountability & Finance metrics. While the organization benefits from having an entirely independent board, it has significant shortcomings in financial transparency, as evidenced by the absence of financial statements and several missing policies essential for good governance.
Strengths of Neartown Inc include a high program expense ratio of 99.45%, indicating that nearly all of its expenditures are directed toward its programs. The organization has also demonstrated accountability through the absence of material asset diversions, further underscoring a commitment to its mission. However, the lack of a conflict of interest policy and other governance documents signals potential areas for improvement.
Despite its strengths in program spending and board independence, the notable absence of critical financial documentation and policies could raise concerns among donors and stakeholders regarding the overall transparency and governance of the organization. Addressing these weaknesses would enhance Neartown Inc's standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Neartown Inc?
100% of 16 reviewers on Facebook would recommend Neartown Inc. Here is a summary of their reviews:
Enthusiastic endorsements highlight the positive impact of the organization, with many users expressing satisfaction with the efforts and dedication of the participants. Reviewers appreciate the contributions made by the nonprofit and the cohesive spirit among its members.
Overall, this nonprofit clearly resonates well with its community, demonstrating that it effectively fulfills its mission and earns strong support from those involved.
This AI summary has been generated from reviews found on Facebook.
Is Neartown Inc legitimate?
Neartown Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neartown Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $888,317
For more financial information, click here
Official website here: www.neartownmurray.org
What is the mission statement of Neartown Inc?
Neartown Inc. operates as a 12-step life skills residential home for men, providing a secure, sober, and clean living environment. Inspired by the biblical principle from Luke 10:25-37, the organization extends its hand to men who meet the required criteria, offering a solution to their challenges. Neartown Inc. has successfully assisted over 100 men in their sober living facility, aiming to create an environment that fosters personal growth and recovery. The organization's mission is to offer a sanctuary for men, promoting sobriety, and instilling biblical values.
Official website here: www.neartownmurray.org
Who is the CEO of Neartown Inc?
Jereme Rose is the Director of Neartown Inc.
Official website here: www.neartownmurray.org
What is the revenue of Neartown Inc?
Neartown Inc's revenue in 2022 was $1,287,128.
Official website here: www.neartownmurray.org
Who are the executives of Neartown Inc and what are their salaries?
The average compensation at Neartown Inc during 2022 was $24,675. There are 36 employees at Neartown Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.neartownmurray.org
Where can I find the form 990 for Neartown Inc?
Neartown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neartownmurray.org
Learn more at the official website: www.neartownmurray.org
Mission Statement of Neartown Inc
Neartown Inc, a residential home for men, is committed to providing a secure, sober, and clean living environment. Inspired by the biblical parable of the Good Samaritan (Luke 10:25-37), Neartown Inc extends a helping hand to men who meet its requirements, offering a solution to their challenges. The organization's mission is to create a supportive environment that fosters personal growth and transformation, encouraging its residents to live in accordance with biblical principles.
To date, Neartown Inc has assisted over 100 men through its sober living facility. The organization aims to reach out to individuals in need and provide them with the tools and resources necessary to overcome their challenges and lead fulfilling, sober lives. By operating under these principles, Neartown Inc strives to contribute positively to the lives of its residents and help them rebuild their futures.
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Impact
July, 2024
Neartown Inc has had a significant impact on the community of Murray, Kentucky, through its sober living facility that has served over 100 men. Their mission is rooted in creating a safe, sober, and clean living environment based on 12-step life skills principles. Following the biblical teachings of the Good Samaritan, Neartown Inc reaches out to all men who meet their requirements, offering a solution and support. Their commitment to human services and transformational work has made a tangible difference in the lives of many individuals seeking recovery and stability.
This information is meant to be a general summary of Neartown Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5
- Program Service Revenue: $1,141,255
- Gross Receipts: $1,287,128
Assets and Liabilities:
- Total Assets: $650,617
- Total Liabilities: $465,777
- Net Assets: $184,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL REVENUE
Revenue
$1,051,533
SOBER LIVING HOUSE REVENUE
Revenue
$89,722
Organization Details
Founding Year
2017
Principal Officer
Jereme Rose
Main Address
302 N 6TH ST, MURRAY, KY, 42071
Website
www.neartownmurray.orgNTEE Category
Code: P72 - Human services
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